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Jan 16, 2013
01/13
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keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german politics. >> is chthat what it is? >> they want to have it. they moved it out of germany because of the cold war, a threat the russians would take it. most of it is sitting in the new york fed in world war ii. most europeans moved it here during the war and moving it back. there's something tangible and viserable about having gold. >> the auditors called last october for an official suspicion of t inspections of the gold saying it has never been checked. >> that is trust to never check with the fed about your gold. >> have you ever been there? >> i
keep an eye on euro yen. that cross trade has a lot of excitement and there has been talk about currency trade wars. we have been talking about it a long time on the floors. >> there's supposed to be an announcement. i did get confirmation a small amount of gold would be moved. plans to bring gold home and bring 50% of gold reserves in frankfurt by 2020. 300 tons are going to leave new york, 374 tons from paris. >> why is that? >> i'm not quite clear why. >> german...
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Jan 14, 2013
01/13
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euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so, how much >> you know, david i can't say if it's going to go private or not. we definitely get some specifics at least in some private equity being named, but whoever leaked something like this, if it is true, just cost somebody a little over 2 billion dollars today, so if it was going to go private, it could have done so much cheaper. sandra: i want to focus on the fact that the stock has taken a major hit over the past year, the past six months, it's up 28%, it has rebounded quite a bit from its lows last year. over the past year, however, it's lost about a quarter of it
euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so,...
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Jan 16, 2013
01/13
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that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top priorities. joining us in a first look at the survey is mark mcdonald, group vice president of gartner's executive programs. mark, good morning. so down half a percent. let's start there. this actually is a continuation of a long-term trend. is it a headwind for tech companies? >> well, it's not so much of a headwind as much as a realization that there needs to be a transition from what i.t. has been to what technology needs to be in the future. across those, you know, 36 different industries, we see organizations kind of moving from technology kind of tending to cur
that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top...
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the euro actually slipping back as the trading day has gone on. we'll be right back. everything you can fit vo: in this bag is 20% off. saving 2er on evngything your company needs. it's a big deal. check your dember 30th sunday paper or print the coupon at officemax.com. >> 21 minutes past the hour i'm uma pemmaraju with your fox news minute. new jersey governor chris christie saying house majority and speaker boehner are only group to plame for inaction on hurricane sandy relief. president obama is urging the house to vote on the bill without delay. new york lawmakers from both parties lashed out at the decision by house gop leaders pulling measure calling it a betrayal. house speaker boehner says hurricane cain sandy relief is. >>> penn state is suing for the harsh penalties. korb bret is saying the sanctions which include a $60 million harm past, present and future students. >>> students ho attended sandy hook elementary school in newtown, connecticut will go to class tomorrow in a former middle school in nearby monroe. a open house is being he
the euro actually slipping back as the trading day has gone on. we'll be right back. everything you can fit vo: in this bag is 20% off. saving 2er on evngything your company needs. it's a big deal. check your dember 30th sunday paper or print the coupon at officemax.com. >> 21 minutes past the hour i'm uma pemmaraju with your fox news minute. new jersey governor chris christie saying house majority and speaker boehner are only group to plame for inaction on hurricane sandy relief....
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Jan 3, 2013
01/13
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euro has been getting squashed for two days against most currencies. i think the dollar is benefitting from continuation but the implications. think about what it is saying. maybe we don't have to have so much purchase power and programs embedded into the marketplace. so there is a lost different wayes it look at this. >> and very u.s. dollar positive. let's talk more about the fed minutes with a former fed governor and also strategist of drw trading group. robert i would like to get to you first of all. if you are one of the voting members, would you have been one of the ones who would like to wear the slow or stop those purchases before the end of this year? . >> yes, definitely. if not sooner. there is a strong group in the fed ram reserve board and the fomc. but they don't all get to vote at the same time. so you see in the statement reflected a significant number of people apparently are switching to the view that the fed just cannot go on to finance almost the entire federal deficit. >> indeed. i think bill this morning said the global money prin
euro has been getting squashed for two days against most currencies. i think the dollar is benefitting from continuation but the implications. think about what it is saying. maybe we don't have to have so much purchase power and programs embedded into the marketplace. so there is a lost different wayes it look at this. >> and very u.s. dollar positive. let's talk more about the fed minutes with a former fed governor and also strategist of drw trading group. robert i would like to get to...
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dollar. 0 little weakness in the euro but the dollar euro story will continue in 2013. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every
dollar. 0 little weakness in the euro but the dollar euro story will continue in 2013. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first...
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Jan 3, 2013
01/13
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inevitably, they'll have to buy some euros. but the down side of the euro is that it's a really mediocre economy. and it's hard to get excited about eurozone investments except in terms of convergence playes and so on. so i think the euro is going to have a hard time raking 1.35 and probably won't go below 1.25 over the next year. there are much more interesting currency toes trade. >> we'll get on to that. but the economy and asset markets, clearly the impact on german equities, up 29% last year. also, in europe, you've got yield plays, right? if you're buying italian debt, you're getting a really good yield play. is it such a disconnect between the fundamentals and sentiment and asset prices? >> well, except asset prices were largely driven last year by the fears that the eurozone was going to fall apart. now that, you know, some of those fears have been put to rest, at least in the short-term, investors are kind of buying back a bit of what they sold. so it doesn't mean that things are good. it just means that they're not as
inevitably, they'll have to buy some euros. but the down side of the euro is that it's a really mediocre economy. and it's hard to get excited about eurozone investments except in terms of convergence playes and so on. so i think the euro is going to have a hard time raking 1.35 and probably won't go below 1.25 over the next year. there are much more interesting currency toes trade. >> we'll get on to that. but the economy and asset markets, clearly the impact on german equities, up 29%...
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Jan 16, 2013
01/13
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is it going to be 1.20 versus the euro/yen? there's going to be softening of the euro. >>> cutting ceo jamie dimon's pay. that brings dimon's total compensation for 2012 to a mere $11.5 million. down from $23 million a year before. we are asking with 11.5 million bucks less in his pocket how might dimon tighten his belt. sweet us@squawkstreet. some of your answers straight ahead. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits
is it going to be 1.20 versus the euro/yen? there's going to be softening of the euro. >>> cutting ceo jamie dimon's pay. that brings dimon's total compensation for 2012 to a mere $11.5 million. down from $23 million a year before. we are asking with 11.5 million bucks less in his pocket how might dimon tighten his belt. sweet us@squawkstreet. some of your answers straight ahead. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion...
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ve difficult for mulims tosherry, secularize it and to eliminatety the liberty crushing aspects the euro one you wrote that u.s.liby amba policymakers opposed by christopher stevens havelaw sacrificed u.s. lives, ourou as, nation is ignoring sharia lawy and practices. you assert that the islamic totalitarianism, you are saying that it has a tutorial at terry and winter.ave a sular >> we have those that we chosea, to undermine and replace. hosnib mubarak, even the odious qadhafi. yet what is their replacement?n the replaceent from the get-go,o we actually supported them of muslim brotherhood jihadist to have a supremacist outlook. and we are still, the late ambassador stevens unfortunateln chose to go intofo th jihadist i hotbed in libya, which dates back to our borders. they were fighting then. thanyou so much for bei with rin us. lou: as the housing market really recovering? $17 trillion is riding on the answer. thes ceounting forome $82 bi lou: foreign buyerare helping to boost our housing msarket. those buyers accounted for billn $82 billion in home sales over the past year. 9 billion
ve difficult for mulims tosherry, secularize it and to eliminatety the liberty crushing aspects the euro one you wrote that u.s.liby amba policymakers opposed by christopher stevens havelaw sacrificed u.s. lives, ourou as, nation is ignoring sharia lawy and practices. you assert that the islamic totalitarianism, you are saying that it has a tutorial at terry and winter.ave a sular >> we have those that we chosea, to undermine and replace. hosnib mubarak, even the odious qadhafi. yet what...
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commitment of the germans the french the italians and the spaniards the core nations to keeping the euro together and the central bankers said you know the germans do not like paying for quite a bit of the greek and pop probably the spanish that they will do it they have committed to it and the european nations have even though they have been protest anger they have committed to staying within the european construction because they don't see how europe can go back to being a series of atomized nations so it's really a question of an economic decision that also is a political decision i think there will be it will be difficult to get european nations to move towards fiscal unity it makes sense because if you can play the budget or when country against another you will have speculation different landing rates everywhere but i think the reason why you haven't heard about the euro zone conflict these past weeks is that it is actually doing better and if you look at the stock exchanges in the various european countries euro zone countries you can see that they're shooting right up there's als
commitment of the germans the french the italians and the spaniards the core nations to keeping the euro together and the central bankers said you know the germans do not like paying for quite a bit of the greek and pop probably the spanish that they will do it they have committed to it and the european nations have even though they have been protest anger they have committed to staying within the european construction because they don't see how europe can go back to being a series of atomized...
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Jan 14, 2013
01/13
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euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by solvency. >> we had a lot of european officials coming out of late saying things are improving, that the worst is over, the crisis for the euro. we had them saying last week they were better than a year ago. >> i would like to see their change on the debt. >> more spending cuts. >> is there a large american bank that is not reporting this week? i mean, the number of banks coming out over the next two days -- [ bell ringing ] >> harry winston, this is a swiss company buying an american company. these are the things that we maybe give you perspective. i know that may be too
euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by...
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Jan 7, 2013
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euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single currency. a year ago, that was a dominant concern. there's more confidence about the outlook for growth in the uk and europe, as well. >> and despite that relative change of optimism, there's still incentives, though? >> yeah. >> it's not going to translate into any big action? >> what we've seen with the survey is that sentiment really does seesaw on the basis of what's happening in the macro economy. so you get a shocking europe and sentiment tanks. you get good news from europe and sentiment picks up. what we've found is that the strategies that companies are actually following, mu
euro/dollar, just above 1.30. it was just below it at the low point last week. a survey by reuters says economists are starting the year 2013 in a relatively optimistic mood. i wonder whether the key word is relative. how were they last year? >> what we're seeing in this survey is that opt on mimp has picked up quite a bit in the last six months. looking behind the headline numbers, what seems to have happened is there's a pretty big fact in expectations of the break-up of a single...
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economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things happening i mean jordan right now is facing a lot of domestic. people are very upset with the government they are vying for some sort of constitutional monarchy that is more. that addresses more of their social concerns and doesn't for example torture people and and have a police state which is what they essentially have crane is still you know people are still fighting for freedom they're they're they're still out in the streets despite the ban on all demonstrations and protests. which the bahraini government has imposed with american support. but you know we'll have to see i think yemen will con
economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things...
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Jan 23, 2013
01/13
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when you hear about the euro zone problems, they are bubbling through, that is trouble pushing foreign banks to possibly spinoff their u.s. subsidiaries like the asset management something i have been hearing for months and months now. that's apparently it's one of the names. i'm not saying these banks are in particular in play. bankers at the wall street firms are definitely approaching these players saying you should do a deal. they are listening. when you put it all together, the macro scenario, increased regulations, euro zone problems, low trading volumes, low interest rate so you can borrow cheaply, guess what happens. you don't make enough money. when you have low interest rates you don't make a lot of money on your investment. you put all that together and you have a situation right for mergers. i don't know they will merge with ameritrade, but is there a need for two of them right now? cheryl: probably not. they traded higher at 2012 like the big guys did. so many deals going on, they were doing their banking profits, c. can have more power houses, medium-size. charlie: they w
when you hear about the euro zone problems, they are bubbling through, that is trouble pushing foreign banks to possibly spinoff their u.s. subsidiaries like the asset management something i have been hearing for months and months now. that's apparently it's one of the names. i'm not saying these banks are in particular in play. bankers at the wall street firms are definitely approaching these players saying you should do a deal. they are listening. when you put it all together, the macro...
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Jan 11, 2013
01/13
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let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick. let's check out the latest in energy, metals. sharon epperson, nymex. >> oil prices pulling back, jim, but that's after reaching multi-month highs. we had the brent crude contract reach a three-month high yesterday. wti at a four-month high. a lot of this had to do in terms of the gains we saw yesterday with the report that the saudis have cut their oil production in december significantly. today's news is focusing on the spread between the two, which has come in significantly as right now around $17. of course, the energy department this week saying they believe it will ave
let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick....
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Jan 7, 2013
01/13
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the first chart is the euro/yen. this comes back to the highest levels since the summer of 2011. when you include the dollar/yen in that chart, you have to go back an extra year. we're comping to the summer of 2010. in either case, the dynamic is the same. i keep harping on it, and it continues to be the best trade that the fx traders are dealing with for the last three or four months. that is, long anything against the yen. carl, back to you. >> thanks a lot, rick. talk to you in a little while. let's check out the latest moves in metals. >> good morning, carl. let's start with the slide in gold futures down a dollar may not seem like so much. when you look at the fact that gold is below $16.50 an ounce, a key technical level there, that is the reason why many traders say there's more bullish momentum in the gold market. add to that the fact that the latest report said the bullish bets for gold are at the lowest levels we've seen since august. a lot of investors are on the sidelines waiting to see what happens with the next round of budget talks. and not wanting to buy until the
the first chart is the euro/yen. this comes back to the highest levels since the summer of 2011. when you include the dollar/yen in that chart, you have to go back an extra year. we're comping to the summer of 2010. in either case, the dynamic is the same. i keep harping on it, and it continues to be the best trade that the fx traders are dealing with for the last three or four months. that is, long anything against the yen. carl, back to you. >> thanks a lot, rick. talk to you in a...
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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bank may put an end to its easing policy earlier than expect preponderance of the evidence we have euro yen quoted at 114.90. moving on to stocks. let's check on europe first where shares are open and trading at this hour. we're seeing them slightly lower as you can see there. investors a bit cautious ahead of the release of the u.s. jobs report for december which is due out later on friday. london's ftse 100 down a fraction. declines as well for frankfurt about .2%. paris market down about .4%. did see a mixed day for asia, though. tokyo's nikkei jumped to its highest level since march 2011. it was up, in fact, nearly 3% on the back of a weaker yen. japanese business leaders commented on the country's economic outlook for this year. >> translator: i believe the yen will continue to weaken for some time, and the real economy is likely to improve, at least through middle of this year. that includes a recovery in exports. >> translator: led by the united states, overseas economies are picking up strength, demand from outside japan is increasing steadily. the japanese economy is likely to
bank may put an end to its easing policy earlier than expect preponderance of the evidence we have euro yen quoted at 114.90. moving on to stocks. let's check on europe first where shares are open and trading at this hour. we're seeing them slightly lower as you can see there. investors a bit cautious ahead of the release of the u.s. jobs report for december which is due out later on friday. london's ftse 100 down a fraction. declines as well for frankfurt about .2%. paris market down about...
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Jan 16, 2013
01/13
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this is negative for the euro and the confidence in the u.s. economy, and it is a cautionary tale that means people are flocking to real assets, which is gold. it is an important move. david: isn't everybody doing it? from the united states to the bank of england to the european community itself, everybody is printing money like crazy to buy treasuries, so why bother moving it if everybody is doing it? >> they're bringing it home. germany sees themselves as the only thing that is holding. david: they are the mainstay of the euro. >> they're saying if they have to break away, if they have to move apart, they're circling the wagons with their own gold to say we are able to take a stand here. they couldn't do it in the middle of the european crisis because that would have blown the whole thing up. now that it has calmed down a little bit, they are making preparations to be able to circle the wagons on their own front. liz: what is your call on it and the time limit that you have on that? >> i think over the next three months we can see gold get ba
this is negative for the euro and the confidence in the u.s. economy, and it is a cautionary tale that means people are flocking to real assets, which is gold. it is an important move. david: isn't everybody doing it? from the united states to the bank of england to the european community itself, everybody is printing money like crazy to buy treasuries, so why bother moving it if everybody is doing it? >> they're bringing it home. germany sees themselves as the only thing that is holding....
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Jan 2, 2013
01/13
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mario groggy vowed to underwrite the euro, whatever it takes -- mario draghi. the esm is up and running with the far wall and there is a move toward banking union. yet across europe, forecasters see little sign of an economic fall. nine of the 17 states will fill the chilling effects of recession. even here in germany, prospects for growth look pretty frigid. elsewhere, it will be much worse. unemployment is growing with all the anger and desperation it brings. in italy, they are taking a plunge, too. a wobbly economy further threatened by elections in february and the prospect of an unlikely political comeback. here in the u.k. there are still fondly remembering the specter of the queen's jubilee and they successfully stage olympics. but good economic news is hard to find. >> there is really nothing much on the horizon that makes you feel optimistic. it will be a sort of groundhog year for the u.k. economy, much the same as 2012. >> many saw 2012 as being the year european currency unraveled. in 2013, they will struggle with political and social cuts of auster
mario groggy vowed to underwrite the euro, whatever it takes -- mario draghi. the esm is up and running with the far wall and there is a move toward banking union. yet across europe, forecasters see little sign of an economic fall. nine of the 17 states will fill the chilling effects of recession. even here in germany, prospects for growth look pretty frigid. elsewhere, it will be much worse. unemployment is growing with all the anger and desperation it brings. in italy, they are taking a...
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Jan 16, 2013
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we're not even close. >> you have it in the euro zone, you have it in the uk, japan. you have deceleration in china. the u.s. is slow -- >> it's not even close. >> gary, what you are saying is the average gdp growth is going to be 2%, which is lower than 3.3% that is needed to hold unemployment rate steady, direct? so, in a year, we are going to see the unemployment rate pretty dramatically higher. >> well, that's right. if you look at the trade-off between unemployment and economic growth, it takes 3.3% real gdp growth to keep the unemployment rate stable. that's over the total post-world war ii period. at 2%, you would have a chronic rise of the unemployment rate by a little over one percentage point a year. >> mr. shilling, steve grasso. where do i go? do i go with utilities? where do i play this? and where is the timing? right after the debt ceiling debate? >> yeah, i sure wish i knew on the timing. i think right now, the way we're structuring sug sessigestions i portfolios, yeah, risk on but with caution. i would go for -- i would go for more defensive stocks, ut
we're not even close. >> you have it in the euro zone, you have it in the uk, japan. you have deceleration in china. the u.s. is slow -- >> it's not even close. >> gary, what you are saying is the average gdp growth is going to be 2%, which is lower than 3.3% that is needed to hold unemployment rate steady, direct? so, in a year, we are going to see the unemployment rate pretty dramatically higher. >> well, that's right. if you look at the trade-off between unemployment...
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Jan 3, 2013
01/13
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the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exchange where you practically would expect streamers and champagne. the kind of day we had to put in in context, the likes of bill gross saying he sees stocks up 5% for the year, we did 60% of that in the first trad
the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all...
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he's vowed to tax the rich, 75% on income over a million euros. according to polls, most citizens agreed with them. entrepreneurs have gone wild, saying this would further kill any innovative spirit here, driving an already estimated of wealthy or wannabe wealthy people to switzerland, london. >> the problem in france is it's not a fiscal cliff, but sort of like fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: it would affect a few thousand, but shot down because it targets individual instead of household income. the while other taxes also rise. around europe you also keep running into american tax exiles, people who have given up their citizenship to protect their fortunes from taxes. that number has been rising, but you know where in the world has the highest tax rates currently? the island of aruba at nearly 60% for the highest earning individuals, and sweden at around 57%. back to you. >>> the town of concord, new hampshire is the first in the nation to ban plastic bottles. the measure has just taken effect w
he's vowed to tax the rich, 75% on income over a million euros. according to polls, most citizens agreed with them. entrepreneurs have gone wild, saying this would further kill any innovative spirit here, driving an already estimated of wealthy or wannabe wealthy people to switzerland, london. >> the problem in france is it's not a fiscal cliff, but sort of like fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: it would affect a few thousand, but...
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unemployment rate and if it defaults on its next round it's going to end up getting kicked out of the euro zone. why do you say we're on the path to greece? >> well, because the people in greece continue to reject any kind of real reform because they've been so long denying reality that they think they can do it forever. the americans are not that far from when we had a balanced budget. we're not that far from when we paid for what we consumed. but we've got to get back to it pretty soon because after 12 years you're beginning to build the generation of citizens and even more generation of politicians who think this can go on forever. >> greta: what do you think is going to happen with the debt ceiling? people didn't notice, but secretary geithner sent a letter to capitol hill we have hit the debt ceiling. he can now do some sort of maneuvering with the money so we at least have cash for about two months, but we're about to run out of cash and a big fight offer the debt ceiling. what's going to happen? >> first of all, tim geithner, bless his heart, he's a little disingenuous in one sense.
unemployment rate and if it defaults on its next round it's going to end up getting kicked out of the euro zone. why do you say we're on the path to greece? >> well, because the people in greece continue to reject any kind of real reform because they've been so long denying reality that they think they can do it forever. the americans are not that far from when we had a balanced budget. we're not that far from when we paid for what we consumed. but we've got to get back to it pretty soon...
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Jan 23, 2013
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if you part a chart of the euro currency over mcdonald's in the last few weeks, almost been an identical chart. that's because they are so europe-focused. i continue to believe europe has too many problems and far too many currencies risks for mcdonald's. coke is concentrated exactly where you want to be which is latin america. just this week the mexican stock market hit an all-time high. the latin america market for coke is bigger than the united states, twice as big as europe. between these two companies you want to bet on latin america and coke, not europe and mcdonald's. >> well, i'll tell you, the entire trend and industry is moving away from the sugary drinks, and you saw that beverage sales in the u.s. were down 2.8% last year. we need to start moving towards the healthier drinks. that's what the consumer wants. now mcdonald's, albeit not the healthiest restaurant, but look what they are doing. they already were in the business of soft drinks. now they are moving. mr. fields, when he stepped down, he was an innovator and kept bringing new products to market and that's what mcdonal
if you part a chart of the euro currency over mcdonald's in the last few weeks, almost been an identical chart. that's because they are so europe-focused. i continue to believe europe has too many problems and far too many currencies risks for mcdonald's. coke is concentrated exactly where you want to be which is latin america. just this week the mexican stock market hit an all-time high. the latin america market for coke is bigger than the united states, twice as big as europe. between these...
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Jan 2, 2013
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>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings agencies. i'm not sure the u.k. can to the same extent. >> if you're saying there's a yield story there and you want a relative safe haven, then guilds are 1.9%, better than, you know, other things yielding less. >> yes. >> if you want that relative security. >> and we have relatively higher rates. we will continue to have some. when i go to investors about sterling in london, i can talk to private banks all over the west end who have wealthy individuals looking to "fast money" into the pound. and shows who want to go to the pound because i think the credit rating's out
>> i think euro/sterling's on a five-year trade lower. i think -- i think it does go lower this year. in the next two weeks, i think both euro and sterling do better against the dollar pretty much in tandem. >> yeah. there is this view that u.k.'s heading for its own downgrade. it's going to lose its aaa status. >> yeah. we have more of -- the u.s. is the world's number-one reserve currency, has natural forced buyers of its bonds. and you know poke its nose at the ratings...
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Jan 16, 2013
01/13
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FBC
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euro, pound, canadian dollar and mexican peso. in other words, the dollar is up. we'll be right back. ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platformrom charles schwab... tdd#: 1-800-345-25 gives me tools that help mfind opportunities more easily. tdd#: 1-0-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-751-3261. >> it is now 19 minutes past the hour. i'm heather nauert with your fox news minute. al qaeda linked militant gr
euro, pound, canadian dollar and mexican peso. in other words, the dollar is up. we'll be right back. ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platformrom charles schwab... tdd#: 1-800-345-25 gives me tools that help mfind opportunities...
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Jan 30, 2013
01/13
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dollar hit a 14-month low versus the euro currency and just more signs that the fed is billing to pump more stimulus into this marketed to stimulate economy short term. longer term the greenback is getting hammered. >> eric: you and i spent time talking about that, you said just that. if the economy doesn't look strong enough it means the fed is going to do what i it needs to do to prime theump for the markets. look what is happening, bad g.d.p. numbers and the market has a nice showing. >> reporter: that is exactly what happens. we could get bad news on the unemployment number and the market could very rally because they know that the federal reserve is a back stop for the market right now. when we get bad news on the economy, traders don't think, sell the stock market. they think buy it because that is the hope that the fed is going to prop up the ailing economy. it's just reverse thinking that is out there in the marketplace right now. by the way, oil and gas, your specialty is going to be a huge story here because post fed announcement, oil prices rallied above $98 a barrel. >> eri
dollar hit a 14-month low versus the euro currency and just more signs that the fed is billing to pump more stimulus into this marketed to stimulate economy short term. longer term the greenback is getting hammered. >> eric: you and i spent time talking about that, you said just that. if the economy doesn't look strong enough it means the fed is going to do what i it needs to do to prime theump for the markets. look what is happening, bad g.d.p. numbers and the market has a nice showing....
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Jan 3, 2013
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is it the euro or the yen? let's explain that look at the two-day the euro versus the yen. interesting. that is giving up ground. look at the canada versus the yes. the canada is really holding up well. after looking at all the cross trades, i would think that the euro is really the catalyst for some of the lower trade, even though we all know that the yen is on a path most likely to lose ground against most of the major currencies. brian sullivan, the mario andretti of street signs and "squawk on the street," back to you. >> you're way too kind, rick, but i will take it. thank you very much. let's check out the latest moves in energy and metals and go down to sharon epperson at the nymex. how are things looking, sharon? >> looks like we are seeing a bit of a pull back across-the-board in the commodities sector after yesterday's sharp rally, gold hate two-week high we are looking at the aftermath of this, a lot of folks deciding now they put new money to work what are they really going to do for 2013? you look at the gold price, it's hit the lows of the session right around
is it the euro or the yen? let's explain that look at the two-day the euro versus the yen. interesting. that is giving up ground. look at the canada versus the yes. the canada is really holding up well. after looking at all the cross trades, i would think that the euro is really the catalyst for some of the lower trade, even though we all know that the yen is on a path most likely to lose ground against most of the major currencies. brian sullivan, the mario andretti of street signs and...
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sarkozy, nicknamed president bling bling, and has vowed by taxing the rich, 75% on income over a million euros. most citizens agreed with him in polls. entrepreneurs have gone wild saying this would further kill any innovative spirit here, deriving already out to switzerland, london -- >> the problem in france it's not a fiscal cliff, but fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: the 75% tax would affect -- but it targets individual instead of household income. the government says it will find a way to enact it, while other taxes also rise. around europe you also key running into american tax exiles. that number has been rising. but you know where in the world has the highest income tax rates currently? the island of aruba at nearly 60% for its highest-earning individuals. sweden at around 57%. back to you. >> that 75% tax bracket is not expected to solve many of france's budget problems. in fact there are 65 million people in that country, and fewer than 25,000 of them even qualify for the high rate. >>> getting cold out there, doug. it is the coldest
sarkozy, nicknamed president bling bling, and has vowed by taxing the rich, 75% on income over a million euros. most citizens agreed with him in polls. entrepreneurs have gone wild saying this would further kill any innovative spirit here, deriving already out to switzerland, london -- >> the problem in france it's not a fiscal cliff, but fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: the 75% tax would affect -- but it targets individual instead...
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it's part of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said clinton on the back and on the front it says number 112 which symbolizes the number of countries she has visited as secretary of state. she loved it. she thought it was cool. being hillary clinton she wanted to get back to business. >> reporter: that meant ordering state department officials to get cracking on implementing all the recommendations for enhanced security that was proposed by the accountability review board that investigated the attacks in benghazi and clinton remains committed to testify about benghazi before she leaves office. >> she is prepared to do it at open session. >> at no point again thi
it's part of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said...
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>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a lot more on the long side as the funding issues from europe moderated a little bit. probably pushing it to a level that was not really sustainable. >> rick, what's out there is this notion that japan is purposefully weakening the yen, and so you get a little flight from the yen and it looks like in that flight the euro is catching more of the running money than the dollar is. i think that's one way to think about it. i also think that you don't have clarity here when it comes to the outlook for the u.s. fiscal policy. or the u.s. fed policy that doesn't really enjointer confidence in the greenback. ag
>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a...
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what we have seen is euro and euro yen have fallen over the last 24 hours as a little bit of profit taking and stocks. but this is something that we look for in currency markets where you get like a break in the total risk on trade that's been going on. so i want to sell around 131.70. leave a tight stopper on 132 and a quarter. the game at the early part of january is not to look for mega trends or big continuation of nation. >> i have it run, andy. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating
what we have seen is euro and euro yen have fallen over the last 24 hours as a little bit of profit taking and stocks. but this is something that we look for in currency markets where you get like a break in the total risk on trade that's been going on. so i want to sell around 131.70. leave a tight stopper on 132 and a quarter. the game at the early part of january is not to look for mega trends or big continuation of nation. >> i have it run, andy. [ indistinct shouting ] ♪ [...
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Jan 3, 2013
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these men are suspected of taxing two women on the number 93 bus in southeast on new euro's day. investigators say the men got on the bus in adams morgan. the women got on in anacostia and one of the men touched one of the women inappropriately. there was a fight. one woman was stabbed. another was hit in the head. >> serious crime is relatively rare where you have people who are injured. we do recognize that we are a part of the overall society in the washington d.c. area and crime does happen. so we are putting our resources in place to make sure we can limit these type of crimes from happening again. >> now, police don't believe the suspects and victims knew each other and are asking you to call them in you know who these guys are. you can get a closer look at these pictures on myfoxdc.com. as for the two women, they were treated and released from the hospital. >>> coming up next, a d.c. police officer draws attention to what he says is a problem with at least one of the city's speed cameras. >> meantime, speed cameras in other parts of our area are doing their job. that is ac
these men are suspected of taxing two women on the number 93 bus in southeast on new euro's day. investigators say the men got on the bus in adams morgan. the women got on in anacostia and one of the men touched one of the women inappropriately. there was a fight. one woman was stabbed. another was hit in the head. >> serious crime is relatively rare where you have people who are injured. we do recognize that we are a part of the overall society in the washington d.c. area and crime does...
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Jan 8, 2013
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will you be afraid it could be much worse, euro crisis or debt ceiling or china hard landing, would it really spook you to the point that you get more nervous. nobody's bearish about earnings right now. they aren't. people think it's a -- the numbers are too high and they'll slowly come down, but they're not worried about a recession like they were in the fall, summer and fall of 2011. look, i think the earnings numbers will come down. if the multiple expands, it will be because people believe the policy will be there forever. if you're me, you're worried a little bit more about the fed balance sheet and the fact that it obviously robs from the future to do this unconventional policy. i don't really want to gamble that is a great long-term strategy. >> we've got to wrap up. i give you a lot of credit. you work for a firm that's got a year's retail platform and probably benefits from people buying stocks. do you ever get pressure from management at all? >> never at all. to be honest, i work at a firm with a bunch of great people. my job is to make people think. when you have a framework
will you be afraid it could be much worse, euro crisis or debt ceiling or china hard landing, would it really spook you to the point that you get more nervous. nobody's bearish about earnings right now. they aren't. people think it's a -- the numbers are too high and they'll slowly come down, but they're not worried about a recession like they were in the fall, summer and fall of 2011. look, i think the earnings numbers will come down. if the multiple expands, it will be because people believe...
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Jan 2, 2013
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they have the big crowds and block off the street and wear the euro trash outfit and look at you with great distapism want to drive them off the road. >> dana: exercise to me has a benefit for your mind. only way the human body gets rid of stress is work it off. that's good why it is good to walk or go to core fusion. >> kimberly: indoor court and hot tubbing are stress relievers. >> eric: slightly overweight. >> bob: obese doesn't help you. >> eric: so if you are a little overweight you work out and keep yourself in shape. so you are healthier. i love working out. i run four times a week and do push-ups every morning of my life. >> dana: push-up are the best exercise you can do. >> greg: you do it over a mirror. >> kimberly: he is like this. "god you look good." [ laughter ] >> bob: kimberly and i know that sex burns 600-calories an hour. >> kimberly: why do you say we know this? freddie burns $1600 an hour. -- freudian slip. >> greg: that the beckel institute. >> kimberly: you dragged me in to that. >> bob: it's good for you. limbers you up, when you run think about it. it hurts the
they have the big crowds and block off the street and wear the euro trash outfit and look at you with great distapism want to drive them off the road. >> dana: exercise to me has a benefit for your mind. only way the human body gets rid of stress is work it off. that's good why it is good to walk or go to core fusion. >> kimberly: indoor court and hot tubbing are stress relievers. >> eric: slightly overweight. >> bob: obese doesn't help you. >> eric: so if you are...
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Jan 4, 2013
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the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry. none other than the electronic cigarettes. it is making cigarettes more life like and big tobacco is taking notice in a big way. jane wells is in los angeles with more. hi, jane. >> hi, sue. for those of you trying to quit smoking this year, big tobacco's not worried. it is investing in a solution to your resolution, competing with a diverse group of tech startups. >> who's got my god [ bleep ] cigarette. >> james cameron took heat for having his character played by sigourney weaver in "avatar" smoke. >> john cameron bag ceo of safecig, to build a product becoming ever closer to recreating the experience of smoking without the carcniogen. >> they still inhale n
the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry. none other than the electronic cigarettes. it is making cigarettes more life like...
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Jan 2, 2013
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the one thing that hopefully the new euro focus on is putting a package like this to gather. with less scare tactics. we are able to come together as democrats, republicans to cut spending and raise revenue that reduces our deficit, protect for middle- class and provides avenues for people that are willing to work hard. for the investments that are necessary to grow, compete and we can settle this debate. or at the very least not have it be consuming all the time that it stops to our host of creating and meeting challenges for immigration, infrastructure, protecting our planet from harmful climate change, and protecting our children from horrors of gun violence. it is not just a possibility, it is our obligation for future generations. our work look forward to meet with each member of congress to meet this challenge in the new year. i hope that some people would get a couple of days off so that people can refresh themselves because we're going to a lot of work to do in 2013. thank you, everybody and happy new year. >> catherine: president obama has acknowledged that they have
the one thing that hopefully the new euro focus on is putting a package like this to gather. with less scare tactics. we are able to come together as democrats, republicans to cut spending and raise revenue that reduces our deficit, protect for middle- class and provides avenues for people that are willing to work hard. for the investments that are necessary to grow, compete and we can settle this debate. or at the very least not have it be consuming all the time that it stops to our host of...
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that is helping them with their currency and the euro issues. so they're able to fluctuate their currency and hedge by having local production. also coming up with really desirable vehicles like the jedi doing incredibly well. lori: there are all kinds of new models coming off the assembly line. >> gm has all the new pickup trucks coming out, there's a lot of new product. it is all the way across the board, some great small cars coming out. lori: you see a new ceo for ford this year? >> no. he will stay through 2014. lori: thank you so much. we appreciate your analysis of the automotive industry. okay. keep it right here on fox business as liz claman and david asman talk exclusively with quality of america president. melissa: same-store sales figures for the month of december roll in. retailers fearing for their profits, so how did they actually fair? lauren simonetti has all the details. >> it turned out the final sales week of the holiday shopping season save christmas in the end. you can see december retail sales rose by 4.5%, better than exp
that is helping them with their currency and the euro issues. so they're able to fluctuate their currency and hedge by having local production. also coming up with really desirable vehicles like the jedi doing incredibly well. lori: there are all kinds of new models coming off the assembly line. >> gm has all the new pickup trucks coming out, there's a lot of new product. it is all the way across the board, some great small cars coming out. lori: you see a new ceo for ford this year?...
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the euro is strong. we're back after this. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalid and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. >> 22 minutes past the hour your fox news minute. u.s. drone strike skilling 13 pakistani today including a senior militant commander. he was reportedly killed when a missile hit the house he was in new the afghan border. the militant is responsible for focusing attacks on american forces in afghanistan. opposition leaders are demanding venezuelan president hugo chavez's administra
the euro is strong. we're back after this. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom...
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Jan 2, 2013
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even the dollar index has reprieve today when the euro lost a boat load ground and yet we still hang on to our gains on the yen. but to address your question and your issue specifically mandy, literally there are hundreds of people on the floor. last year and this year, looking to be big sellers, higher yields in 2013. and if you look at flows, it makes sense. but i would caution that if the only catalyst for yields are the biggest catalyst is rising stocks, athink at some point the tail wags the dog in the higher yield mitigate that rally to some extent. >> that's a good caution to take. thank you very much, rick. let's find out what is happening now as i see wti inching towards $93 bucks a barrel, sharon. >> a very strong start to 2013 for oil and metals mandy and we are looking at oil prices but really metals prices leading the rally higher here that we are seeing in kmode see commodities. there is a lot of new money in the marketplace as well. the fact that fiscal cliff was averted, the fact a deal has been done, that encouraged some buying we are seeing here. we look at oil pric
even the dollar index has reprieve today when the euro lost a boat load ground and yet we still hang on to our gains on the yen. but to address your question and your issue specifically mandy, literally there are hundreds of people on the floor. last year and this year, looking to be big sellers, higher yields in 2013. and if you look at flows, it makes sense. but i would caution that if the only catalyst for yields are the biggest catalyst is rising stocks, athink at some point the tail wags...